CoverageMade

2020 Social Security Changes You Need to Know

The good news is that Social Security Benefits are increasing in 2020. In case you didn’t know, there are social security changes every year, partially based on the annual cost-of-living adjustment (COLA). Federal benefit rates increase when the cost of living rises, and for 2020 that increase will be 1.6 percent. While that is good […]

Short- and Long-Term Care Options For Veterans

Veterans may be eligible for both short-term and long-term care through assisted living, residential, or home health care options. Short-term care typically occurs while someone is recovering from an illness, injury, or surgery. These short-term services help seniors make smooth transitions from the hospital back to their homes. On the other hand, long-term services are […]

What’s the Difference: Medicare Advantage vs. Medicare Supplement

Out-of-pocket expenses are a big issue when it comes to choosing a Medicare plan. Original Medicare (Part A and Part B) covers many health-care expenses, but it doesn’t cover everything. Things like prescription drugs or routine dental, vision, and hearing care are not covered under Original Medicare. Even with covered health-care services, beneficiaries are still […]

How to Prepare for Retirement at Each Stage of Your Life

Going to college, joining the workforce, getting married, and having a family are all major life transitions. They are also transitions that you prepare for before they occur. Retirement, perhaps the last transition of adulthood, also needs to be a transition that we plan and prepare for. How you prepare for retirement depends somewhat on […]

New Medicare Plan Finder: How Do These Changes Affect You?

For the first time in a decade, the Medicare Plan Finder is getting an upgrade. The Medicare Plan Finder is the most used tool on medicare.gov. The tool allows users to shop and compare Medicare Advantage and Part D plans. Eventually, the modernized and redesigned Medicare Plan Finder will help those with Medicare Coverage, along […]

Scoop up the Medicare Supplement plan that is right for you

Imagine being faced with the choice between 10 different flavors of ice cream. A difficult decision to make already, but instead of their straightforward names like chocolate, vanilla, and strawberry, they are labeled by letters of the alphabet. Flavor A, Flavor B, so on and so forth. So instead of making an informed decision based […]

Why Buy A Medicare Supplement Plan?

Many people are surprised to learn that Medicare won’t cover all of their healthcare expenses during retirement. While Medicare can offer significant coverage, the truth is it doesn’t cover everything and doesn’t limit catastrophic financial exposure. Some of those uncovered costs have the potential to put a serious crack in your retirement nest egg. The […]

Unraveling the Confusion: Demystifying Medicare Supplement Plans

Does thinking about Medicare have you tied up in knots? As of 2018, the Kaiser Family Foundation reported that there were 59,869,402 people with Medicare coverage. In 2018 the Medicare program cost $582 billion, about 14 percent of the total federal government spending. While the government is working to make basic Medicare coverage easier to […]